Afren news 2017

Here are some notable news stories from 2017 related to Afren:

  1. Afren's collapse: In January 2017, Afren, a UK-based oil and gas company, went into administration after a court ruling allowed its lenders to seize its assets. The company had been struggling financially for some time and had been in talks with its lenders to restructure its debt.
  2. Lenders take control: In February 2017, Afren's lenders, led by the Royal Bank of Scotland, took control of the company's assets, including its oil and gas fields in Nigeria and the Democratic Republic of Congo.
  3. Sale of assets: In March 2017, Afren's administrators announced that they had sold the company's assets in Nigeria to a consortium of buyers, including the Nigerian National Petroleum Corporation (NNPC) and the Nigerian Petroleum Development Company (NPDC).
  4. Investigation into financial irregularities: In April 2017, the UK's Financial Conduct Authority (FCA) launched an investigation into Afren's financial irregularities, including allegations of fraud and mismanagement.
  5. Former CEO arrested: In May 2017, Afren's former CEO, Osman Shahenshah, was arrested in London on suspicion of fraud and money laundering. He was later released on bail.
  6. Administrators seek to recover assets: In June 2017, Afren's administrators announced that they were seeking to recover assets from the company's former directors and executives, including Shahenshah, who they alleged had misused company funds.
  7. Afren's assets sold to new owners: In July 2017, Afren's assets in the Democratic Republic of Congo were sold to a new owner, the Congolese state-owned oil company, Société Nationale des Pétroles du Congo (SNPC).

These are just a few of the notable news stories related to Afren from 2017. The company's collapse and subsequent sale of assets were major news stories in the oil and gas industry, and the investigation into financial irregularities and the arrest of former executives were significant developments in the case.